Soft Quarter for Mercury; No Change to Our View
Mercury NZ had a fairly soft December quarter and we estimate energy margin is slightly down on the previous corresponding period, or pcp. This offsets modest growth in the September quarter, and we estimate energy margin would be roughly flat financial year to date. The firm appears to be tracking slightly below our forecasts, which we will update when Mercury reports its interim results on Feb. 21. Our long-term view and NZD 3.10 fair value estimate are unchanged. At current prices, Mercury is...Mercury NZ is engaged in the investment, development and producing of electricity from renewable and other energy sources, selling of energy and energy related services and products to retail and wholesale customers. As of June 30 2013, Co. had 388,000 electric customers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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